The Business Owner’s Guide To Equipment Financing Bad Credit
If your goal is to obtain valuable equipment for your business, equipment loans for bad credit programs are an excellent way to make it happen. There’s no need to save up for years to get the equipment your business needs right now. With the right financing, you can invest in state-of-the-art equipment that gives you an edge over competitors. […]
Top 10 Industries Bad Credit Business Loans Can Help
Bad credit business loans help many small businesses get the financing needed for success. What is a poor credit score? Generally, a credit rating under 600 makes it difficult to find an approval for traditional loans. You can still get business funding with bad credit. Contrary to what you may think, you don’t have to accept absurd interest rates to […]
Understanding Factor Rate and How it Determines Your Business Loan Repayment Plan
Unlike personal loans and mortgages, equipment financing/leasing doesn’t account for an interest rate or APR. Instead, the amount of interest you’ll end up paying is calculated using a method called factor rate. A factor rate — is essentially “interest”, but calculated at the outset of the loan and spread across your payments throughout the borrowing […]
Heavy Duty Tractor & Trailers Factoring
Understanding Commercial Truck Factoring: Commercial truck factoring is a financial solution tailored for trucking companies facing cash flow challenges. In this arrangement, trucking businesses sell their outstanding freight invoices to a third-party financial institution, known as a factoring company. Rather than waiting for clients to make payments on these invoices, trucking companies receive immediate cash […]
Benefits of Freight Factoring
You’ve been thinking about freight factoring a lot, especially since you started seeing ads for it pop up everywhere. But as you think about it more, you wonder if there’s any real benefit. “Freight factoring seems good, but will it really help?” If this sounds like you, we understand. Freight factoring can seem really great, but unless it […]
How to Choose a Truck Factoring Company
Truck factoring – is it right for you? You’ve been on the road for hours. You’ve just delivered your load when your customer said, once again, that they can’t pay you yet. You wanted to ask why but knew it wasn’t worth pressing. They never pay on time and probably never will. So, with your stomach […]
What is Freight Factoring?
What is Freight Factoring? Freight factoring ensures your company has the proper capital to cover overhead costs, pay employees, and materials needed for your business. Imagine this for a moment. You’ve been on the road for hours. Your belly, tank and wallet are all running on E. Then, after safely delivering your load on time you […]
Post-Irma Rebuild Replacement Construction Equipment and Invoice Factoring
Hurricane Irma is yet another in a string of extremely destructive 2017 hurricanes that has decimated homes, cars, businesses, and other property, not to mention people. Irma has claimed 42 lives so far, and the number is expected to rise. The devastation was vast. Twenty-five percent of all homes in the Florida Keys were destroyed […]
Freight Factoring vs Trucking Factoring
Can Factoring for Truckers Help You? Have you thought about using trucking factoring as a way to boost your cash flow? Waiting for payment when you have already delivered the load can be a tedious situation in which to be. As a trucker, you are out there on the road. Sometimes you’re there for weeks […]
Invoice Factoring
Are you finding it hard to finance your international receivables? It’s not impossible to get financing on those receivables, but you must know there is a limited amount of companies that can execute in this unique space. While most companies were taking time off enjoying the holidays we have been very busy solidifying more relationships […]
